land value tax Concepts

Basic Income And The Left

by henningmeyer · 16 May 2018

short or medium term but might be possible in the longer term: for instance, new forms of taxation, such as a financial transaction tax or land value tax, or the creation of new money, along the lines of the quanti‐ tative easing practised by central banks since the financial crisis. None of these

Stolen: How to Save the World From Financialisation

by Grace Blakeley · 9 Sep 2019 · 263pp · 80,594 words

to all the world’s problems, without considering how we got to where we are in the first place. Policy prescriptions — from wealth taxes and land value taxes, to financial reform and housing reform — have to be situated within their political economic context. It is meaningless to speak of “policy” without speaking of

Inequality and the 1%

by Danny Dorling · 6 Oct 2014 · 317pp · 71,776 words

stories concerning how they made their money. 104. N. Shaxson, Treasure Islands. 105. It is of course an old campaign. Winston Churchill even supported a land value tax – perhaps because, although born at Blenheim Palace, he never owned it or had a chance of owning such a property. See C. Joseph, ‘Duke’s

The Glass Half-Empty: Debunking the Myth of Progress in the Twenty-First Century

by Rodrigo Aguilera · 10 Mar 2020 · 356pp · 106,161 words

even if remaining skeptical about its implementation: “Why Henry George had a point”, Economist, 2 Apr. 2015, https://www.economist.com/blogs/freeexchange/2015/04/land-value-tax 5 Sheidel, W., The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century (Princeton University Press, 2017

Wonderland: How Play Made the Modern World

by Steven Johnson · 15 Nov 2016 · 322pp · 88,197 words

also a devotee of the then-influential economist Henry George, who had argued in his 1879 best-selling book Progress and Poverty for an annual “land-value tax” on all land held as private property—high enough to obviate the need for other taxes on income or production. Many progressive thinkers and activists

Corbyn

by Richard Seymour

the bottom 95 per cent. The basis of it was the Tory interpretation of Labour’s plan to investigate replacing the poll tax with the land value tax. Taking their estimate of the revenue that would be raised by such a tax, they claimed that, averaged out across households, Labour’s idea would

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treble the amount of tax they were paying. But, of course, the point of the land value tax is that it is progressive – most households would pay less, while the wealthiest property barons would pay a lot more.53 By and large, given

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negative equity”’, Daily Star, 30 May 2017; Gordon Rayner, ‘Tax on homes “to treble under Labour plans for Land Value Tax”’, Telegraph, 29 May 2017; Jon Stone, ‘Labour looks to replace Council Tax with a Land Value Tax’, Independent, 16 May 2017. 54Macer Hall, ‘May’s plan for a Fairer Britain’, Daily Express, 18 May 2017

Bitcoin: The Future of Money?

by Dominic Frisby · 1 Nov 2014 · 233pp · 66,446 words

harder to enforce and more costly to levy. In all probability, we’ll move towards the taxation of consumption and assets, rather than labour – a land value tax, even (see the footnote for more on land value tax177). Charles Hoskinson, CEO of Ethereum – dubbed ‘Bitcoin 2.0’ – says to me: I think it

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around £25,000 in 2014. 177 The most obvious form of consumption tax, and the hardest to hide, is to tax use of the land – land value tax. Its proponents argue that it would also bring about the much needed re-balancing of land ownership. Seventy per cent of the UK, for example

The Finance Curse: How Global Finance Is Making Us All Poorer

by Nicholas Shaxson · 10 Oct 2018 · 482pp · 149,351 words

the property market; to radical transparency, forcing the names of the beneficial owners of all real estate in Britain into the public domain; to a land value tax, levied on the value of each square metre of underlying land, which could jimmy a stream of tax revenues out of wealthy foreigners who own

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land in the UK, and channel this towards compelling social priorities, such as a basic income. A land value tax would be, if set up right, unavoidable: even if the land were held under an impenetrable Cook Islands trust, if whoever owns or controls or

Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens

by Nicholas Shaxson · 11 Apr 2011 · 429pp · 120,332 words

they would otherwise be. Not only that, but a huge share of the profits of the financial sector derive ultimately from real estate business and land value. Tax land’s rental value, and you capture a big slice of this financial business, however much it is reengineered offshore. When Pittsburgh became one of

A Pelican Introduction: Basic Income

by Guy Standing · 3 May 2017 · 307pp · 82,680 words

to local circumstances. The third would be to pay a ‘basic rental income’ to everyone who rents rather than owns a property, financed by a land value tax. Of course, the UK housing situation is not unique. Other countries too face similar problems, especially the lack of affordable housing in the big cities

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gaining proportionately more. High-income households would lose on average but relative to income the losses would be negligible. A more traditional proposal is a land value tax. Thomas Paine envisaged funding for his scheme coming from a ‘ground rent’ charged to property owners. Henry George campaigned for a land rent levy to

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ownership is broadly in line with income and wealth. And in principle they could raise large sums. According to estimates cited by The Economist, a land value tax of 5 per cent charged on all US land would raise over $1 trillion, enough to pay every American $3,500 a year.29 This